IP address schemes are used to uniquely identify devices on a network using the Internet Protocol. IPv4 addresses, the original scheme, are 32-bit numbers, often represented in dotted decimal notation (e.g., 192.168.1.1). Due to the exhaustion of IPv4 addresses, IPv6 was developed, utilizing 128-bit addresses, providing a vastly larger address space and represented in hexadecimal format (e.g., 2001:0db8:85a3:0000:0000:8a2e:0370:7334). IP addresses are essential for routing data packets across networks and the internet.
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